What do you know about women who have co-founded million dollar startups? How do they navigate Africa’s tech space? A glimpse into the experiences of Miishe Addy, Temitope Omotolani and Vivian Nwakah …
Startups
Ivorian eCommerce startup, Afrikrea, raises $1 million for expansion
On the back of competing in Jack Ma’s Africa Netpreneur Prize in November last year, Afrikrea has gone on to secure a round of $1 million for expansion across Africa.…
How startups cope with Nigerian investors’ seemingly low appetite for risk
Nigerian startups raised $377m in 2019 but almost 95% of that came from foreign sources. Here is how Nigerian startups cope with local VCs and their seemingly low appetite for risk…
Nigerian government approves $268 million to support startups/MSMEs
In line with its plans for economic diversification, Nigeria’s federal government has announced a fund to support young innovators running startups MSMEs in the country, but will it see the light of d…
Why $10,000 for 5% equity could be reasonable for early-stage startups
Following a debate last week, about whether or not $10,000 for 5% equity is a good investment deal for early-stage startups, Techpoint CEO, Adewale Yusuf weighs in on the conversation.…
“Nigerian startups raised $377m in 2019, more than twice the value of 2018.” — Report
Nigerian tech startups raised a total of $377m in 2019, almost twice what they received in 2018. Find out how they did in this annual report.…
Kenyan eCommerce startup, Sokowatch, raises $14 million series A to target new African markets
Since launching in 2013, Sokowatch has served over 15,000 small retailers in Kenya, Tanzania, Rwanda, and Uganda while raising $4.5 million. Now, it has raised $14 million in series A to expand to oth…
Early-stage startup? Apply for the upcoming Techpoint Startup School in March
The next edition of the Techpoint Startup School, coming up in March 2020, is focused on early-stage startups. If your business is at its early stage, you should hurry up and apply…
The future of Nigeria’s finance is edging towards decentralisation
With fintech startups, finance has evolved from analogue to digital. The next stage is decentralisation, enabled by the blockchain technology, and tech startups are gradually positioning themselves…
Fintech startup, Carbon, launches $100,000 pan-African fund for startups; here’s what you need to know
Since the fintech space got more than half of Nigeria’s startup funding in 2019, Carbon has decided to launch its Disrupt Fund for non-fintech startups, investing up to $10,000 per startup for a…
How Jeph Acheampong is creating a new generation of African data scientists with his startup, Blossom Academy
With over 90% in career placement for its data science graduates since inception in 2018, Ghanaian-based talent accelerator, Blossom Academy, is in its little way, meeting the high demand for data sci…
"We've not launched our food delivery service yet"— Gokada CEO, Fahim Saleh
Reports have it that motorcycle-hailing startup, Gokada, has launched Chop, its food delivery service. However, CEO, Fahim Selah, says the service hasn’t launched officially yet.…
Connected Analytics, parent company of ThankUCash, gets accepted into 500 Startups as the only African startup in its 26th batch
Ventures Platform and Microtraction-backed Nigerian startup, Connected Analytics, has been accepted into 500 Startups seed accelerator programme as the only African startup in its 26th batch.…
Here’s why tertiary institutions seem to be left out of edtech’s impact in Nigeria
Like other sectors, education has enjoyed the impact of technological advancements in Nigeria, but the impact isn’t as bold as expected since it seems tertiary institutions are left out of edtech solu…
LABS by ARM to invest $100,000 in five fintech startups participating in its 12-week accelerator programme
The Lagos-based accelerator backed by the ARM Group has selected five startups to participate in its accelerator programme. In partnership with Ventures Platform, each startup will receive $20,000 see…
Nigerian fintech startup, Aella Credit, raises $10 million debt financing to expand and invest in blockchain
Starting off as a micro-lending platform, Aella Credit has raised $10 million in debt financing to expand, and also to become a full-service lending and payments platform.…
Asides access to finance, political instability is perhaps the biggest constraint facing Nigerian tech businesses
Most times, Nigerian entrepreneurs cite lack of funding as a major challenge they face when running their businesses. Albeit true, here’s how political instability is also a significant constraint.…
Ethiopian-based edtech startup, Gebeya, closes $2 million seed funding as it plans to scale up services
In order to launch its online talent marketplace as well as scale up its training and marketplace services in francophone Africa, Ethiopian edtech startup, Gebeya, has raised $2 million in seed invest…
Farmcrowdy acquires Best Foods, plans to launch retail meat hubs across Lagos in the second quarter of 2020
For an undisclosed amount, Nigerian agritech startup, Farmcrowdy, has acquired Best Foods L&P Limited, one of the country’s largest meat processors, as it forays into the meat market.…
TLcom’s TIDE Africa Fund secures an additional $31 million, looking to invest in more pan-African startups
With a total of $71 million in its coffers, TLcom’s TIDE Africa Fund says it’s expecting to make an additional five to six investments in pan-African companies from seed to later stage ove…